Siemens AG and rival General Electric Co. are battling for a mega contract worth an estimated 13 billion euros ($15 billion) to develop power stations in Iraq, an order that would hand the w... Read more

Iraq is pumping crude at record levels and the violent street protests that engulfed the oil-rich south have not affected energy facilities in OPEC’s No. 2 producer. The country’s crude expo... Read more

The price to access unexplored shale assets on the New Mexico side of the Permian Basin soared to $95,001 an acre in a federal government auction, a record high for North America’s biggest o... Read more

As oil markets show growing global supply concern, Iraq is signaling the jitters may be overdone. Output from OPEC’s second-biggest producer has jumped to a record and is set to expand furth... Read more

There is a silver lining for Riyadh-traded stocks in the delay to Saudi Arabian Oil Co.’s massive initial public offering. While putting the oil giant’s market debut on hold has reduced Saud... Read more

Saudi Arabia has granted its state-owned oil company a 40-year concession to exploit the kingdom’s hydrocarbon reserves as part of Aramco’s preparation for a potential initial public offerin... Read more

Saudi Arabian Oil Co. is focusing on buying a strategic stake in chemical giant Saudi Basic Industries Corp., putting work on its potential initial public offering on hold, according to peop... Read more

Saudi Arabian Oil Co., the world’s largest crude exporter, said its production last year fell from the annual record it reached in 2016 as it led OPEC and other major producers in curbing ou... Read more

Oil plunged after U.S. stockpiles swelled by the most since March 2017 and as investor concern increased that the U.S.-China trade war and Turkish crisis will undercut demand. Futures in New... Read more